In what areas are big data having the biggest impact?
As consumers, we are becoming more demanding of our brands. We often don’t to trade features or quality for a low price. We want it all — including a greater sense of corporate responsibility.
Here’s a provocative observation from Trendwatching.com:
“One powerful question for brands to answer in 2015: what are you prepared to SACRIFICE? Consumers don’t want to make the world a better place.They want brands to do that for them ;)”
“Okay, that’s a simplification of a complex issue. But when it comes to making the world a better place, many consumers are setting a more stringent standard for brands than they are for themselves. And let’s face it, given decades of unethical operations, rampant pollution, disinformation, and more, brands deserve it. After all, many brands have worked extremely hard to create many of the behaviors and lifestyle choices that well-meaning consumers are now finding so hard to change. In a global survey of 30,000 consumers, 72% of people said that business is failing to take care of the planet and society as a whole. (Accenture & Havas Media, June 2014)”
“The easiest and most desirable way for consumers to assuage (or obliterate!) their guilt? For brands to make visible, meaningful, and constructive SACRIFICES: of products, processes, attention, and opportunities.”
New car entertainment technology has exploded in recent years.
According to Nielsen:
“Cars are big business, and as technology continues to permeate our lives, the auto industry is broadening its revenue base by tapping into consumers’ desire to stay connected from behind the wheel. The industry is also amplifying an array of connected car options across a swath of TV ads. And when you consider how personal a car purchase is, new connectivity features are helping automakers personalize content for everyone, from working moms in need of hands-free talk to twenty-something singles looking to score reservations at the local hotspot.”
“Regardless of tech preference, the modern car offers some form of connectivity for everyone — and that appeal is growing. In fact, of the 44% of future auto intenders who plan to purchase a new car within the next two years, 39% are very likely to purchase a connected car with built-in features. So what’s the draw? In most cases, it comes down to having what’s cool: 60% of future auto intenders say they’d like a connected car because they want to experience emerging technologies, 58% feel it will provide entertainment to passengers while on the road, and 43% say it will boost their productivity while they’re on the road.”
Over the past several months, I have uploaded a number of valuable presentations at Slideshare. There should be something here for almost everyone!! :-)
Please let me know what you think.
Here are the links to these presentations (in alphabetical order):
- Art of Self Branding (an in-depth article)
- Being Smart with Social Media
- Careers in Business 2014: Opportunities and Challenges
- Careers in Marketing
- Corporate Goals: Quantitative AND Qualitative
- Entrepreneurship (an in-depth article)
- Online Privacy Quiz (can YOU pass?)
- Personal SWOT Analysis
- Preparing for Career Success
- Primer on Product Positioning
- Product Management Hot Links
- Product Management Quiz
- Self Branding for Career Growth
- Setting Up a WordPress Blog
- Social Media – The Good, The Bad, and The Ugly
- Synopsis of HubSpot’s Global Social Media Tips
- Synopsis of HubSpot’s Guide to Internet Marketing
Over the years, consumers have often wondered about the honesty of the ads they watch or view.
Click on the image to see a number of hypothetical ad slogans that we might have been thinking about, but will never really see — from graphic designer Clif Dickens.
Are you personalizing your products with customers? If no, it’s time!
As Informatica, a data integration firm, notes:
“Personalization is the next big innovation wave in E-commerce. You need to use everything you know about each customer so you can market and sell to them more effectively in every channel. Everyone’s been saying it for a decade — but now it’s really happening.”
In every channel, intelligent personalization out-performs one-size-fits-all commerce. On Web sites. In E-mail. On mobile apps and sites in call centers. In social media.”
In the slideshow below, Informatica discusses: “Know Your Own Products.” There are many tips.
As we have written before, millennials represent a very large and distinctive market segment — in the United States and around the world. In setting a brand strategy to best appeal to this group, various factors must be kept in mind.
In a recent study (Debunking the Millennial Myth: Initiative’s Global Research Study), Initiative – a U.K.-based media planning and buying agency — “examined the lives of 10,000 25-34 year olds in 19 countries, finding out about their lives, their mindset, how they use technology, and how they feel about brands.”
CLICK HERE here to download the full report. (Note: A short login form must be completed to access the report.)
A summary of the report has been published by MarketingCharts:
“Three in 10 millennials (aged 25-34) around the world are cynical about the way brands market to them, and that figure rises above 40% in the U.S. and U.K., finds Initiative in a new study. With such skepticism evident, brands should demonstrate their commitment to social causes and emphasize attributes such as authenticity and trustworthiness. [This] can be seen as directly related to the skepticism that many millennials hold for brands. But, they also align with some of millennials’ common traits: Millennials’ economic uncertainty and insecurity, for example, means that they appreciate brands that are useful to them and can emotionally connect with them in an authentic way.”
Click the chart to read more of the summary.
- Business Analytics and Marketing Information
- Consumers and Their Behavior
- Global Marketing
- Good and Bad Examples of Marketing
- Learning How to Blog, Design Web Sites, and Innovate with Mobile Media
- Marketing Communications
- Online Marketing
- Privacy, Identity Theft, and Ethical Issues
- Product Management
- Social and Digital Media
- Sports and Entertainment Marketing
- Technology and Marketing